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I don't condone piracy in any way....but these numbers assume that everyone with a pirated copy of photoshop would have paid full price to get it, if it weren't available for free.
The vast majority of these "warez" users would not use photoshop at all, or use a cheaper alternative (like paintshop)
This is just one example. There are lots of other alternatives out there for just about every piece of major software.
So while piracy is a problem, eliminating all piracy worldwide wouldn't put $48 billion into the bank accounts of software makers.
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